Domestic credit to private sector by banks (% of GDP) in Democratic Republic of Congo
Democratic Republic of Congo: Domestic credit to private sector by banks (% of GDP) was 11.2% in 2023. ◆ Volatile
Domestic credit to private sector by banks in Democratic Republic of Congo, 1963–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Democratic Republic of Congo recorded 11.2% for domestic credit to private sector by banks in 2023. That is the highest value across all 57 years on record.
That represents a change of up 31.8% on the previous year and up 129.5% over ten years.
Over the whole period, domestic credit to private sector by banks in Democratic Republic of Congo peaked at 11.2% in 2023 and was at its lowest, 0.4%, in 2002.
That places Democratic Republic of Congo 167th out of 187 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector by banks (% of GDP) in Democratic Republic of Congo, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1963 | 1.3% | — |
| 1964 | 1.9% | +44.4% |
| 1965 | 1.5% | -22.3% |
| 1966 | 1.6% | +13.1% |
| 1967 | 1.5% | -8.3% |
| 1968 | 1.0% | -31.6% |
| 1969 | 1.1% | +2.4% |
| 1970 | 1.7% | +59.5% |
| 1971 | 1.9% | +14.4% |
| 1972 | 2.8% | +44.1% |
| 1973 | 3.3% | +18.1% |
| 1974 | 4.6% | +39.9% |
| 1975 | 5.5% | +20.4% |
| 1976 | 4.3% | -22.5% |
| 1977 | 4.5% | +5.0% |
| 1978 | 4.7% | +3.7% |
| 1979 | 3.2% | -31.5% |
| 1980 | 2.7% | -14.3% |
| 1981 | 2.3% | -15.8% |
| 1982 | 2.3% | -0.9% |
| 1983 | 2.0% | -12.9% |
| 1984 | 1.6% | -21.8% |
| 1985 | 1.5% | -1.8% |
| 1986 | 2.0% | +30.0% |
| 1987 | 2.7% | +34.3% |
| 1988 | 2.3% | -14.5% |
| 1989 | 1.8% | -19.1% |
| 1990 | 1.7% | -8.2% |
| 1991 | 0.6% | -61.9% |
| 1992 | 0.8% | +18.9% |
| 1993 | 0.9% | +19.4% |
| 1994 | 1.0% | +10.3% |
| 1995 | 0.9% | -12.2% |
| 2000 | 0.7% | -17.3% |
| 2001 | 0.5% | -33.3% |
| 2002 | 0.4% | -8.0% |
| 2003 | 0.7% | +66.9% |
| 2004 | 1.1% | +42.5% |
| 2005 | 1.1% | +6.7% |
| 2006 | 1.9% | +69.5% |
| 2007 | 2.4% | +22.9% |
| 2008 | 4.3% | +82.0% |
| 2009 | 5.3% | +22.4% |
| 2010 | 3.3% | -37.6% |
| 2011 | 3.9% | +18.7% |
| 2012 | 4.7% | +18.9% |
| 2013 | 4.9% | +5.0% |
| 2014 | 5.3% | +8.8% |
| 2015 | 5.9% | +10.8% |
| 2016 | 7.1% | +20.0% |
| 2017 | 5.5% | -22.3% |
| 2018 | 5.9% | +6.9% |
| 2019 | 6.6% | +12.2% |
| 2020 | 7.7% | +17.2% |
| 2021 | 6.7% | -12.9% |
| 2022 | 8.5% | +26.4% |
| 2023 | 11.2% | +31.8% |
Democratic Republic of Congo compared with similar countries
- Democratic Republic of Congo's 11.2% is below the median for low income countries, which is 11.9%, 94% of the median. (24 countries reporting)
- Democratic Republic of Congo's 11.2% is below the median for Sub-Saharan Africa, which is 15.6%, 72% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.4% | 1.0% | 1.9% | 7 |
| 1970s | 3.6% | 1.7% | 5.5% | 10 |
| 1980s | 2.1% | 1.5% | 2.7% | 10 |
| 1990s | 1.0% | 0.6% | 1.7% | 6 |
| 2000s | 1.9% | 0.4% | 5.3% | 10 |
| 2010s | 5.3% | 3.3% | 7.1% | 10 |
| 2020s | 8.6% | 6.7% | 11.2% | 4 |
Countries ranked near Democratic Republic of Congo
More financial sector data for Democratic Republic of Congo
- Reserve position in the IMF, US dollar, annual growth rate -100 % change on previous year (1982)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate -100 % change on previous year (1982)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate -100 % change on previous year (1982)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0 units per person (2025)
- Reserve tranche position, SDR, annual growth rate -100 % change on previous year (1982)
Frequently asked questions
- What is domestic credit to private sector by banks in Democratic Republic of Congo?
- Domestic credit to private sector by banks in Democratic Republic of Congo was 11.2% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Democratic Republic of Congo?
- The highest recorded value was 11.2% in 2023.
- What is the lowest domestic credit to private sector by banks recorded in Democratic Republic of Congo?
- The lowest recorded value was 0.4% in 2002.
- How does Democratic Republic of Congo rank for domestic credit to private sector by banks?
- Democratic Republic of Congo ranks 167th out of 187 countries with data for 2023.
- Is domestic credit to private sector by banks rising or falling in Democratic Republic of Congo?
- Over the last ten years it is up 129.5%. The long-run trend across the full record is volatile.
- Where does this Democratic Republic of Congo data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.